Letter: Hadlyme, Connecticut to Wier Boyd, Dahlonega, Georgia, 1879 Nov. 28
author: Hungerford, William Sumner, 1854-1904
extent:  p.
date: November 28, 1879
summary: Letter from W. S. Hungerford to Wier Boyd, dated November 28, 1879. Hungerford offers a discount of $100 if Boyd is able to get Trimble to settle his debt with cash immediately. He reiterates that his primary objective is to be released from his own debts. Hungerford gives instructions for the distribution of funds, assuming Boyd is able to collect the money from Trimble. He inquires about the mining prospects in Dahlonega and notes that business is reviving all over the country. Hungerford expects more capital to be attracted to mining, but allows that the dry weather may interfere with mining operations.
repository: Chestatee Regional Library System, Lumpkin County Branch
collection: Madeleine K. Anthony Collection
subjects:Boyd, Wier G., 1820-1893
Gold mines and mining--Georgia--Dahlonega
Collecting of accounts--Georgia--Dahlonega
Lumpkin County (Ga.)
Page:  [view image][added text: Hungerford]
Hadlyme Nov [November] 28th 1879
Wier [Wier] Boyd Esq. [Esquire]
Yours of the 25th was received last evening together with check for $3800 for which accept thanks. The total amnt [amount] Mr. Trimble was to give me for all my [illegible text] mining interests was $215000 of which he had paid me $20000 and you 3800 leaving ballance [balance] due = $1912 % which is to be added the interest on those notes or enough to cover the interest on the debts. For the exact form of the payments you would best consult the papers I left with you. The above sum does not include the house on which there is due $275.00
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These figures are only to be considered binding in case they agree with those on the papers you have which I think they will. I told you when I left that I would deduct $100 for a cash settlement of the whole transaction which I will still do. I shall be very glad if you can settle it up at once and would like to hear any proposition which provides for the payment of the debts. I will also authorize you to deduct any amount not exceeding $50000 from the contract price providing they pay for every thing [everything] [added text: house included] cash down this with the understanding that you are to get the full price if possible or as much as possible and that this is to be confidential
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I of course do not know how things are going there and whether [added text: Mr. Trimble] is flush with money or not, or whether the mine is doing well or not. If you can get Mr. Trimble to pay up the debts or release me I would be willing to let the rest stand in the manner as per contract and at the price named therein deducting $10000 as I told you I would do if he paid for [unclear text: the] the whole. I am not so anxious for the money as I am to have the debts paid for reasons mentioned in my first letter. If you can close up the trade please pay the debts sending the receipts for the same and transmit me by bank-draft [bank draft] the rest after deducting your commission. I shall be happy to hear from you at any
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time in reference to this matter as well as to the general mining prospects there. Busines [Business] of every kind seems to be reviving very rapidly all over the country. Nearly all manufacturing establishments throughout New England are running on extra time. I should think there would be a much better outlook for capital to be attracted to mining than there has been before.
Hoping to hear from you soon I remain
[Signed] W. S. Hungerford.
Hadlyme Conn. [Connecticut]
Page: p. 4, left margin [view image][added text: P. S. We are having very dry weather here, which if as bad South as here would I should think interfere somewhat with mining operations there.]
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